Fisher Funds Management LTD Sells 1,986 Shares of The Travelers Companies, Inc. $TRV

Fisher Funds Management LTD lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,134 shares of the insurance provider’s stock after selling 1,986 shares during the period. Fisher Funds Management LTD’s holdings in Travelers Companies were worth $6,748,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Travelers Companies during the 4th quarter worth about $276,000. WINTON GROUP Ltd acquired a new position in Travelers Companies during the 2nd quarter valued at about $382,000. CIBC Asset Management Inc lifted its position in Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after purchasing an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after purchasing an additional 2,117 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $307.48 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $65.39 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48. The stock has a 50-day moving average of $301.35 and a 200-day moving average of $295.02. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.12.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

Analyst Upgrades and Downgrades

TRV has been the subject of several analyst reports. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Finally, Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $309.07.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.